QBE FIRST Secures Preferred Vendor Agreement with Community Bankers Association of Ohio
2012-04-10
(Atlanta, GA) — QBE FIRST announced it has secured an exclusive three-year, preferred vendor agreement with the Community Bankers Association of Ohio (CBAO) to provide tax tracking, tax insourcing and escrow administration services.
“This agreement is great for Ohio community banks because it offers them reduced pricing for three powerful products that were specifically developed for the independent banker,” explained John Tomko, QBE FIRST’s senior vice president, tax product line executive. “Our total escrow solutions, on-demand tax reporting and tax insourcing products are easy to implement and cost-effective.”
The agreement also opens the door for community banks in Ohio to access the full suite of QBE FIRST products. This includes Mature Market Solutions, a suite of products that help with retaining retiring baby boomer customers, along with expansive insurance and loss mitigation solutions.
QBE FIRST strives to create first-to-market solutions that are designed to assist in managing mortgage tax portfolios in compliant and cost effective ways.
- Total Escrow Solutions is a fully web-based escrow administration platform created to help small
and mid-sized financial institutions provide escrow services to their customers. - On-demand tax reporting is a low-cost solution for tracking tax delinquencies in a non-escrow
portfolio that breaks from the traditional life-of-loan tracking model. - Tax insourcing provides the data and software needed for banks to provide tax services on a loan
portfolio and, in most cases, makes it possible to transform a large expense into revenue.
All three products were developed to adapt to the capabilities of the company’s proprietary tax servicing platform and the unique needs of community bankers.
“We are very excited to provide Ohio community banks these much-needed services that will enable them to continue making safe, sound mortgage loans that help their customers and their communities,” commented Robert L. Palmer; president and chief executive director of the Community Bankers Association of Ohio. “And these services are cost effective, as well.”
About the Community Bankers Association of Ohio
The Community Bankers Association of Ohio is organized to establish and maintain an informed network of independent community banks in the state of Ohio that will have the influence and commitment to effectively serve, protect and promote the interests of its members. For more information visit http://www.cbao.com.
About QBE FIRST
QBE FIRST’s scalable tax solutions are designed to help community banks reduce tax servicing expenses and increase revenue with our tax insourcing, custom tax data services, escrow administration services and the FIRST Property Tax System – a comprehensive escrow disbursement management database. We warrant our data to be correct. QBE FIRST is a leading provider of mortgage and auto lender-placed protection solutions, voluntary insurance products, Mature Market Solutions, loss mitigation services and customized property tax solutions. We serve mortgage and auto lenders, mortgage servicers, financial institutions, and homebuilders of all sizes. QBE FIRST is part of QBE Insurance Group Limited. QBE Insurance companies are rated "A" (Excellent) by A.M. Best and "A+" by Standard and Poor's. For more information, visit qbefirst.com.
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